Post
Topic
Board Economics
Re: Russian Dump of US Treasuries Fueling Bitcoin?
by
wantjokull
on 18/07/2018, 06:24:58 UTC
Saw this today and wondered if the rebound could be linked to the dumping of at least half of US Treasuries bonds by Russia.  Hints are this will soon coincide with a massive dump by China in the next few days.  Seems like China-Russia is allied against the US economically and maybe people are pulling their money out.

https://www.zerohedge.com/news/2018-07-17/russia-liquidates-its-us-treasury-holdings


There are many more news right now which are fuelling up this incidence of pumping. I came to know about the Russian stuff from your post while I was notified with my news alert channel that there is Worlds Largest Exchange Traded Fund (ETF) provider namely BlackRock is studying the potential of crypto currency profitability. They have recently made big group to specially study this market and thus making large investment on it. May be thats the reason this pump is occurring and many others too. Looks like all the news hit the market at the same time.